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Electricity suppliers look to EVs to save their business models
The leaders of Australia’s electricity supply industry recently gathered to discuss a fundamental problem – the threat of collapse of their century-old business models. New technologies such as solar and battery storage are eating away at the core of their businesses. Could electric vehicles be their saviour?9 -
New gas plants about to be priced out of electricity market
The much hyped “dash-for-gas” may never occur, at least in Australia. Soaring gas prices, and plunging solar costs are pricing gas-fired generation out of the domestic electricity market, analysts say, and the role of gas will be restricted as a back-up to wind and solar – at least until competitive solar storage technologies emerge. -
Vestas says lack of certainty will kill wind energy in Australia
Vestas CEO Ditlev Engel says bipartisan support for renewables needs to extend beyond next election, because lack of certainty will kill capital intensive wind industry. He notes other countries are maintaining and expanding renewable targets, and concedes storage will be the “game-changer” for the technology. -
Dig, baby, Dig! Citi says coal investments at risk
Citi analysts say it is no longer a question of “if” the “unburnable carbon” scenario will arise, but “when”. Half the value of the coal reserves of BHP, Rio Tinto and other coal miners could be lost if decisive climate action is taken by 2020. Best to dig them up as quickly as possible, then. But renewables will likely have the same impact.
